Price quotes of imported dl-methionine strengthened in the range of RMB18.30-18/kg.

For liquid methionine*, price quotes were stable at RMB15.50/kg.

Weekly prices of dl-methionine in China

Area

Jul 24 - Jul 30(RMB/kg)

Jul 31 - Aug 6(RMB/kg)

Price change(RMB/kg)

Guangzhou

18.00

18.50

0.50

Chengdu

18.00

18.50

0.50

Jinan

18.30

18.30

0.00

Nanjing

17.80

18.30

0.50

Shijiazhuang

17.80

18.30

0.50

Zhengzhou

18.00

18.50

0.50

Shenyang

18.00

18.30

0.30

Beijing

18.00

18.50

0.50

Weekly transacted prices of liquid methionine* in China

Area

Jul 24 - Jul 30(RMB/kg)

Jul 31 - Aug 6(RMB/kg)

Price change(RMB/kg)

North

15.50

15.50

0.00

Central

15.50

15.50

0.00

South

15.50

15.50

0.00

Prices refer to delivered-to-feedmill prices, and are for reference only.RMB1=US$0.1463 (Aug6)

*Commonly referred to in China as liquid methionine is methionine hydroxyl analogue, a liquid source of supplemental methionine.

Market analysis

A weak renminbi resulted in lower imports of methionine on the one hand, and stimulated export sales on the other hand. Consequently, methionine availability tightened in China, prompting producers to lift prices over the week even as domestic demand remained slow.

In Europe, prices of China-produced methionine stayed firm at EUR2.10/kg.

Market forecast

Prices of methionine are likely to strengthen further amid tight supplies. Moreover, feed producers, who have intentionally held inventories low, are expected to build stocks amid concerns of supply shortages.

All rights reserved. No part of the report may be reproduced without permission from eFeedLink.